AGO
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0.00% 4.5¢ atlas iron limited

vale proposes 90% iron ore price increase

  1. sprogman
    343 Posts.
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    11/03/10
    09:14
    Post #: 6433407
    http://www.theaustralian.com.au/business/mining-energy/mining-giant-vale-seeks-90pc-increase-in-iron-ore-prices/story-e6frg9df-1225839383994

    The potential iron ore price rise for the next quarter is huge and will take the price of ore well above the 2008 high.

    With all that it has in the bag, AGO must be undervalued. The sp has moved up 30%+ over the last months but that is not in line with iron ore price rises, prospects for ridley and now the port acess.

    I feel there is still much unrealised value in this share.

    BR
    Max
    AGO Price at posting: $2.31 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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